Recap: Buhari Signs Legislation Increasing VAT, Others

President Muhammadu Buhari has signed the 2019 finance bill into law, following its passage by the ninth National Assembly.

The bill, which was introduced alongside the 2020 budget, aims to reform Nigeria’s tax laws to align with global best practices and support micro, small and medium enterprises in line with the Federal Government's ease of doing business reforms.

It also seeks to incentivize investments in infrastructure and capital markets, as well as raise government revenues.



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